With Pfizer as an anchor tenant, construction on Bjarke Ingels’ Spiral tower will begin in June

April 10, 2018

Rendering via Tishman Speyer

With an anchor tenant and necessary financing secured, Tishman Speyer announced on Tuesday plans to officially begin construction this June on Bjarke Ingels’ 65-story office tower planned for Hudson Yards, the Spiral. The developer has reached a deal with Pfizer, a biopharmaceutical company, for an 800,000 square-foot lease at the Spiral, and has secured funding for the $3.7 billion project. The Spiral will reach 1,031 feet high and boast a facade of cascading landscaped terraces and hanging gardens. The tower will spread an entire block, stretching from West 34th to West 35th Streets and 10th Avenue to the Hudson Park and Boulevard.

As 6sqft previously reported, the ground floor of the Spiral will have 27,000 square feet of retail space with offices located on floors two through 62. In the six-story base, there will be a lobby with soaring, 28-foot-high ceilings and about 25,000 square feet of retail space.

Ingels’ design features ascending terraces, that rise one-per-floor in a spiraling motion. After renderings were first released for the project, Ingels said his design “combines the classic ziggurat silhouette of the premodern skyscraper with the slender proportions and efficient layouts of the modern high-rise.”

Pfizer has a 20-year lease agreement with Tishman Speyer to occupy 15 full floors, seven through 21, and a part of the lobby. According to the New York Post, Pfizer has sold its Midtown office buildings at 219 and 235 East 42nd Street to Brooklyn investor David Werner for roughly $360 million. Werner is expected to demolish the old buildings for a brand new tower, but then lease back to Pfizer when the company relocates to the Hudson Yards supertall in 2022.

When construction begins on the Spiral in June, Tishman Speyer will have more than 4.5 million square feet of modern office space under construction in the city, including the Jacx in Long Island City and the Wheeler in Downtown Brooklyn.


All renderings via Tishman Speyer

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